Capital And Interest: A Critical History Of Economical Theory

Capital and Interest: A Critical History of Economical Theory is a book written by Eugen V. Bohm-Bawerk, a prominent Austrian economist. The book provides a comprehensive analysis of the theories of capital and interest, tracing their development from the classical economists to the contemporary economic thinkers of the time.Bohm-Bawerk's central argument is that the theories of capital and interest are inherently interconnected, and that any attempt to understand one without the other is incomplete. He argues that the classical economists, including Adam Smith and David Ricardo, failed to fully grasp the relationship between capital and interest, leading to a number of misconceptions about the nature of economic growth and development.The book is divided into three main sections. The first section provides an overview of the classical theories of capital and interest, including the labor theory of value and the concept of surplus value. The second section examines the theories of interest put forth by the marginalist economists, including Carl Menger and William Stanley Jevons. The final section of the book explores the contemporary theories of capital and interest, including those put forth by John Bates Clark and Alfred Marshall.Throughout the book, Bohm-Bawerk critiques the various theories of capital and interest, pointing out their strengths and weaknesses and offering his own insights into the nature of economic growth and development. He argues that the key to understanding the relationship between capital and interest lies in recognizing the role of time in economic activity, and in understanding the complex interplay between supply and demand in the market.Overall, Capital and Interest: A Critical History of Economical Theory is a seminal work in the field of economics, offering a comprehensive analysis of the theories of capital and interest and their role in economic growth and development.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

Author: Eugen V. Bohm-Bawerk
Publisher: Kessinger Publishing
Published: 09/10/2010
Pages: 476
Binding Type: Hardcover
Weight: 1.91lbs
Size: 9.00h x 6.00w x 1.19d
ISBN: 9781163517833

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